Bolivia
Key entity, tax, banking, visa, and compliance guidance for foreign founders incorporating in Bolivia.
Foreign Ownership Eligibility
Bolivia welcomes 100% foreign-owned companies
Fully remote formation — you never need to set foot in the country.
- 100% foreign ownership permitted in most sectors
- Legal system: Civil Law
- Primary registration authority: Fundacion Empresa Bolivia (Fundempresa)
- Registry website: https://www.fundempresa.org.bo
- Tax authority: Servicio de Impuestos Nacionales (SIN)
- Corporate income tax (CIT): 25% - Source: CIT: 25% (Bolivia SIN). VAT: 13%.
- VAT / sales tax: 13%
- Estimated formation timeline: 10-15 days - Via Fundempresa. Source: SIN Bolivia
- Annual compliance and renewal obligations apply
Ownership
100% Foreign OK
Formation
100% Remote
Tax at a glance
Bolivia Tax Overview
25%
Corporate Income Tax (CIT)
CIT: 25% (Bolivia SIN). VAT: 13%.
13%
VAT / Sales Tax
CIT: 25% (Bolivia SIN). VAT: 13%.
Servicio de Impuestos Nacionales (SIN)
Tax Authority
https://www.sin.gob.bo
Pros & cons
Advantages & Considerations
Key Advantages
100% foreign ownership permitted in most sectors
Legal framework: Civil Law
Primary registry: Fundacion Empresa Bolivia (Fundempresa)
Tax rate: 25% CIT
Incorporated company has access to Bolivia market
Considerations
Local professional guidance recommended for regulatory compliance
Banking KYC requirements can be extensive - allow time for account opening
Professional services market may be limited compared to major financial centres
Verify sector-specific restrictions before investing
Currency risk: BOB fluctuations may affect USD-denominated investments
Incorporation Process
The process is strictly digital. Each stage builds on the previous one.
Name reservation
Prepare incorporation documents
Submit registration application
Tax registration
Open corporate bank account
What you'll pay
Cost Architecture
Government Fees
Annual Ongoing
Professional Services
Government fees change frequently. Always verify current fee schedule at https://www.fundempresa.org.bo before committing.
Still unsure about costs?
These are estimates — your actual cost depends on your structure
Every Bolivia setup is different. A 15-minute call with one of our specialists will give you a personalised cost breakdown — completely free.
Fintech & Banking
Can non-residents open accounts without visiting? NO.
Banking options for non-resident founders in Bolivia. Remote account opening availability varies by institution.
| Institution | Type | Ease for Non-Residents | Notes |
|---|---|---|---|
| Banco Nacional de Bolivia (BNB) | Traditional bank | Low (Visit Required) | |
| Banco Mercantil Santa Cruz | Traditional bank | Low (Visit Required) | |
| Banco Bisa | Traditional bank | Low (Visit Required) |
Regulatory requirements
Annual Compliance Matrix
| Requirement | Deadline | Details |
|---|---|---|
Annual company filing | Ongoing | File annual returns with Fundacion Empresa Bolivia (Fundempresa) to maintain good standing. |
Corporate income tax return | Ongoing | Submit annual CIT return to Servicio de Impuestos Nacionales (SIN). Rate: 25%. |
VAT filing | Ongoing | VAT-registered businesses file periodically. Rate: 13%. Verify threshold with Servicio de Impuestos Nacionales (SIN). |
Accounting records | Ongoing | Maintain statutory books per Civil Law requirements. |
Beneficial ownership disclosure | Ongoing | Verify current UBO requirements in Bolivia. |
Frequently Asked
Speak with a Bolivia specialist
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